Home Business SC allows NDMC to e-auction Taj Mansingh hotel

SC allows NDMC to e-auction Taj Mansingh hotel


Supreme Court today allowed civic agency NDMC to e-auction five-star hotel Taj Mansingh, presently being run by Tata Group firm Indian Hotel Company Ltd (IHCL), in the heart of the national capital.

A bench comprising Justices PC Ghose and RF Nariman allowed the plea of New Delhi Municipal Council that the Tata Group firm cannot have the right to refusal in the auctioning of the hotel.

The bench, however, asked the civic body to grant six months breathing time to the company in vacating the hotel in case they lose out in the e-auction.

The court also said that the blemish-free record of Tata Group firm IHCL may be taken into account by NDMC while auctioning the iconic property.

The civic body had on March 3 told the apex court that it wants to e-auction the hotel. The court had earlier asked IHCL, which challenged a Delhi High Court order allowing auction of the hotel, to file objections, if any, within a week. The IHCL had on November 8 last year approached the apex court against the Delhi High Court’s order that cleared the decks for auctioning of the property.

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